Physician-owned, multispecialty practices reported a nearly 12 percent increase in total operating costs associated with technology in 2014 compared to 2013, according to a new survey conducted by the Medical Group Management Association.

Technology spending per full-time equivalent physician last year was $20,693. Since 2010, this number has increased by almost 34 percent per FTE physician, “showing how much impact the technology boom and mandated electronic health records has had on individual practices,” concludes MGMA.

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